According to Meredith Bauman, spokesperson for the BRA, three actions were brought against the Authority for granting the area of Two Financial Center 121A status, which means it is deemed a blighted area. Two of the suits--which are being brought by the neighborhood association of the leather district, which abuts the property--have been settled but the last one is still pending.
Bauman notes that the lawsuits "hampered the progress [of the building] but not significantly." But she adds, "This is the last thing and I believe we will be hearing the outcome very shortly." The building is being developed near Rose Associates' One Financial Center and will have 200,000 sf of rentable space. According to Seamen, the building is 50% potentially pre-leased by one tenant. Seamen declined to disclose the tenant's name.
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